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Dec 27, 2012
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so, that makes the government like the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while many republicans oppose new taxes for anyone, senator kay bailey hutchison says she's looking for compromise, alluding to house speaker john boehner's plan "b" that was met with stiff opposition from his own party. >> i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that, and i don't think we need that kind of shock to the system. however, i've talked to some of my democratic colleagues, and they are saying maybe in the $400,000 or $500,000 category we could set a benchmark. i do think it is essential t
so, that makes the government like the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while...
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Dec 27, 2012
12/12
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that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if it didn't get reversed, you're going to get quite a bill from the taxman. also if we go over the cliff, and the spending cuts begin to take hold, the various agencies of the federal government can consider putting employees on furlough. meaning they take unpaid days off. that's considered a better alternative than layoffs, if we don't get a deal quickly, the furloughs will have to become layoffs, that will mean real pain. >>> the great question is how quickly that pain will begin. would it hurt the real economy before we get a deal? or would the prospect of pain create such pressure, would congress change course before we feel it. the strategy of the folks who want to
that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if it didn't get reversed, you're going to get quite a bill from the taxman....
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Dec 27, 2012
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government that sticks a gun to its head. sorry to use gun metaphors, but basically sticks a gun to its head and says we don't trust ourselves to legislate like normal people. even presidential commissions don't work anymore. what we've got to do is give ourselves artificial deadlines and bring ourselves to the precipice, create all sorts of uncertainty, create manufactured crises because without that pressure, we can no longer be counted on to do anything that remotely redecember bem zesembl thing. >> they're going to say okay, we can't do this all right now. let's set up a process for tax reform that will resolve itself in 2013. let's set up a process for entitlement reform in 2013 and create another trigger, sequestration, kicking the can down the road. but i would say one thing. what's interesting for me here is that republicans, by and large, have won this argument. they are getting a lot of spending cuts. they will get, if they want to accept it, some social security reform in terms of decreased benefits paid. it is def
government that sticks a gun to its head. sorry to use gun metaphors, but basically sticks a gun to its head and says we don't trust ourselves to legislate like normal people. even presidential commissions don't work anymore. what we've got to do is give ourselves artificial deadlines and bring ourselves to the precipice, create all sorts of uncertainty, create manufactured crises because without that pressure, we can no longer be counted on to do anything that remotely redecember bem zesembl...
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Dec 28, 2012
12/12
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about the rising percentage of our national economy that's being taken up by the cost of our unfunded government programs. we need to find a way to contain the rising cost of health care because that is the number one cause of our fiscal and debt problem and it's not going away. so it looks like 2013's going to be real. it's going to deal with issues of peace and war, issues of national identity, issues of personal security, especially for our young. think it's not at your peril. say it and you're part of the problem. and that's "hardball" for now. thanks for being with us. we have a happy and safe new year out there. "the ed show" with ed schultz starts right now. >>> good evening, americans. welcome to "the ed show." i'm michael eric dyson, in for ed schultz. breaking news from washington tonight. nbc news has confirmed that the president will host a meeting with all four congressional leaders at the white house tomorrow. this could be their last chance to get something done before we go over the cliff. this is "the ed show." and as ed would say, let's get to work. >> the american people are w
about the rising percentage of our national economy that's being taken up by the cost of our unfunded government programs. we need to find a way to contain the rising cost of health care because that is the number one cause of our fiscal and debt problem and it's not going away. so it looks like 2013's going to be real. it's going to deal with issues of peace and war, issues of national identity, issues of personal security, especially for our young. think it's not at your peril. say it and...
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Dec 22, 2012
12/12
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does in israel, you're allowed to say the israeli government is doing the wrong thing in israel much more readily than you can say that in the united states. what's so amazing about that clip is what chuck hagel is saying, i'm an american, i'm an american senator and my interest is what's good for the united states. and aligning ourselves with israel as they bomb a long-standing allie for the united states is a bad interest. that's a straight common you would make about any ware, but it is rare for a member of congress to say something like that. this will show you what a strangle-hold this is over the battle of israel. and because he's willing to do that, that's why he's being attacked and it is important to make sure we have this debate that we need to have about israel and the united states. >> there also seems to be something of a proxy debate about the scope of american power, even the way that the washington debate over israel often happens. because it is not just the haguele says something that in the ab strablgt is completely innocuous on the side of saying what israel has do
does in israel, you're allowed to say the israeli government is doing the wrong thing in israel much more readily than you can say that in the united states. what's so amazing about that clip is what chuck hagel is saying, i'm an american, i'm an american senator and my interest is what's good for the united states. and aligning ourselves with israel as they bomb a long-standing allie for the united states is a bad interest. that's a straight common you would make about any ware, but it is rare...
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Dec 26, 2012
12/12
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when you have divided government and have a chunk of the republican caucus which simply will not align the power that they have with the policy goals that they have. and it's a matter of when they figure that out and when the leadership decides to act upon that knowledge, but we haven't gotten there. >> right, well, when they figure it out is a key question, because days can turn into years in washington. i want to pick up on something you were pointing out the night of the plan b non-vote where you likened the troubles republicans are having now to other pieces in history. you wrote the political parties with losing hands don't change until they've absorbed lots of punishment, see dems 1968 to 1988, a long stretch, gop not done yet. i thought that was such an interesting point you made that night, because for a lot of people watching, it is hard to understand why a combination of tax cuts for most of the country and spending cuts and according to the last offer a type of social security benefit cut is not good enough for a republican party that just got walloped in the election. can y
when you have divided government and have a chunk of the republican caucus which simply will not align the power that they have with the policy goals that they have. and it's a matter of when they figure that out and when the leadership decides to act upon that knowledge, but we haven't gotten there. >> right, well, when they figure it out is a key question, because days can turn into years in washington. i want to pick up on something you were pointing out the night of the plan b...
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Dec 25, 2012
12/12
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he saved countless millions of europeans from starvation, then he completely reorganized the federal government. >> yeah. nancy and mike have written a terrific book from beginning to end. but i found that to be the most compelling and newest material. i didn't know it. i knew hoover had lived forever with -- downstairs from mrs. douglas macarthur in the waldorf and had his vision of that without much else. and it's -- i think one of the general principles it goes to is, you know, if you're the president of the united states, by and large you get your phone calls returned. and if you're there, you have any resource you want to presumably, at least -- you make a case to somebody to have them do something. and i think the greatest presidents have been ones who have done two things, one is they've loved the job and they've loved the politics of it, which doris can tell us more about johnson and that than anybody, but also people who have felt that the sands are running through the hourglass all the time and they want to mobilize any resource they can find to accomplish what they want to accomplish
he saved countless millions of europeans from starvation, then he completely reorganized the federal government. >> yeah. nancy and mike have written a terrific book from beginning to end. but i found that to be the most compelling and newest material. i didn't know it. i knew hoover had lived forever with -- downstairs from mrs. douglas macarthur in the waldorf and had his vision of that without much else. and it's -- i think one of the general principles it goes to is, you know, if...